We would love to hear your thoughts about our site and services, please take our survey here.
Haha
“Imho 10-20p in short term and some time next year 100p+ /share imho”
And long term?
I haven’t researched this company - anyone want to offer a short, medium and long term predicted share price?
Much appreciated!
Depends on how quick they deliver further accretive production acquisitions, even highly tax efficient development projects and also wether exploration discoveries come in!
But with 100m USD financing in place with Japex I expect it will happen - the company says 3-5 years 20.000 + boped - that will more than justify it!
I expect much more and sooner!
@Tig… why is it confusing mixing a raise with consolidation- basic math a 9 year old can do!
Not a fan of SD but don’t expect market sensitive information to be corresponded via email!
Anyway you need to read in between the lines like you have had to do from day one - SD didn’t show for his London Town hall meeting - that says a lot!
Don’t like it lump it is the indirect message now that he is going all along where he originally planned!
Typical liquidity issues with HL no market to sell (not more than £400.00) and yet I can buy £25,000 worth , probably more but didn’t have the available funds to test it - guess still a lot of sellers in the background given the rise - anyway irrelevant holding for £2+
To be fair the investor presentations are very dry and very short.....Our CEO HH needs to smile a lot more moving forward (understandable after his first two years) ......his performance lacks confidence but very much looking forward to seeing him smile a lot more when/ if Velocette delivers.....at the top end £1 plus as a base to move all the way up as we utilise the 100m USD finance facility provided by Japex!
For those that missed yesterdays presentation with Q&A.
https://www.youtube.com/watch?v=cMef5G6T-Sw
Just seen todays RNS - A very good strategic move for our Kveikje discovery.......I am confident that the BoD's have something similar in mind for our Egyptian Vulture discovery!
Everything here makes sense and is now aligning!
"The key to all of this is future wells will benefit from the ~70% tax refund on development"
Agreed, that is why this deal is so attractive...acquiring producing assets with further development potential to significantly increase production pretty much is a risk free strategy given the generous tax rebates available not only on exploration but on developments/appraisal projects!
"Helge Hammer, Chief Executive of Longboat, commented: “We are pleased to announce our first production acquisition in Norway, the next step in realising our growth ambitions on the Norwegian Continental Shelf. The Statfjord Satellites are two high-quality, long-life assets undergoing an exciting and transformative redevelopment led by Equinor."
Hmmmn, I wonder if this is both a "production deal" and a "development deal" all wrapped into one! If thats the case, the CAPEX here expected to significantly increase production in 2024 would be subject to the generous Norwegian tax rebate system! Definitely a question for HH on Wednesday!
"A redevelopment plan was approved in 2021 to drill five new production wells into potentially undrained areas of the field while also adding gas-lift to increase production levels. This infill drilling programme is currently underway and anticipated to last until the end of 2023, resulting in a material uplift to production in 2024. The field is currently anticipated to produce until the late 2030s."
https://www.ogv.energy/news-item/longboat-energy-picks-up-stakes-in-two-north-sea-fields
Is it just a coincidence that our production deal is with INPEX (Japan) of which JAPEX (our new JV partner) own over 4% of the shares? (JAPAN JAPAN JAPAN)
Anyway, according to LBE management they were already in advanced discussions on this production acquisition before the JAPEX JV opportunity existed - hence the agreed $4m goodwill payment from JAPEX.
One thing is for sure, had the JAPEX JV "rescue"deal not happened there would be a placing to finalise this production deal and at a share price of less than 7pence and as such super dilutive and thats if they managed to finance the placing.
Management and shareholders should be very happy where we are now and expect more deals to occur and hopefully another exploration discovery (Velocette) this year!
More accretive deals like this please!
Happy days!
Yeh KC Said 4-6 weeks for full results on LCT - that was two weeks ago - so another 2 -4 weeks expected....but because KC said the timeframe add another 6 weeks - E=MCsquared.
He also said 4 weeks ago - 2 weeks for The EU Critical Raw Materials (CRM) Act to be agreed when anyone that has done some simple research knows it will be ambitious to expect anything before the end of 2023 - more likely mid 2024!
Still holding based on very strong company fundamentals and geopolitical advantages!